Citigroup prevailed on Thursday in a legal dispute in New York with Terra Firma Capital Partners over its 2007 acquisition of British recording company EMI Group. The private equity firm had alleged it was duped by Citigroup into making a rich bid for EMI and had sought billions of dollars in damages.

The jury of five men and three women found Citigroup wasn't liable for fraud in its second day of deliberations in US District Court in Manhattan. Jurors briefly deliberated for about a half hour yesterday afternoon.